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to negotiate and create another fiscal cliff down the road. i hope we will not do that. i still think there is time before the end of the year to make that happen, but again, if it does not happen, unfortunately what that does is throw us into another debt ceiling situation, which is just not good for our country. we would be so much better off starting off on january 1 with this in the rearview mirror. our economy would take off and our country would be so much better off. >> chris, you understand the politics of the house from both sides. can john boehner cut a deal without eric cantor and paul ryan? >> i have a pretty good understanding of the house, but i always am a little afraid of wandering into house republican leadership politics. just to broaden the question a little bit -- i think the question is whether or not the speaker is going to be able to bring a good part of his caucus with him. that or require a united leadership team. >> i am talking short-term -- the next two or three weeks. >> i think that is going to be a requirement. i think one of the decisions the speaker wi
with the fiscal cliff. have a credible down payment on the tax and spending side. bridge to a grand bargain next year. the fiscal cliff is the symptom. structural deficit is the disease. we need to learn from australia, canada, new zealand, sweden. we need to do it next year. >> all right. >> get dr. dave to washington right away so that we avoid what cramer on "meet the press" this weekend had great line. he said on january 8th when the reporting starts, there will be a foot race to fire people if we don't get this cliff taken care of which is why if we're going over the
whipsawing up and down, based on fears about fiscal cliff. and hopes that we might get a possible deal to bridge the fiscal cliff in washington. but through the period these ten growth stocks have held up surprisingly well. i say surprising, because these stocks all had huge gains going into the fourth quarter. and with the fiscal cliff looming, many investors have been selling their biggest winners to take advantage of the low capital gains tax that will likely go away come january. if we get a positive resolution to the fiscal cliff. you'll want to buy these stocks hand over fist. because then they'll really be air to roar. how have the anounted names done? >> amazon starteded at 259, pulled back to 220. before rebounding to 250, where it is right now. google has been pounded. it went from over 760 to below 660, but it's rebounded to 695. mastercard and visa, they took 25-point dives. i told to you buy them into weakness. falling from 475 to 450, and valued to 487. great ones to buy now. a dozen points where above where i recommended. that's it win. visa has moved up nyely from 136 t
in before you buy any more. this stock will go down on a fiscal cliff situation. that might be the chance to buy the rest. "mad money" is back after the break. >>> every now and then a piece research comes along and blows your mind. forces you to reexamine assumptions you thought were etched in stone. that's how i feel about today's incredible goldman sachs upgrade of dell. not from hold to buy. but from sell to buy. initially i dismissed this piece, written by old hand bill shoep as sophistry. i was reacting to the headline report of the change of recommendation. what makes me so intrigued now? first there's nothing like being right and boy has he been right about this one. he took dell to a sell two years ago. stock dropped 31% versus a 14% gain in the s&p 500. if that doesn't grab your attention, i don't know what will. second he's not making outrageous claims with the upgrade, the stock was at $9 when he made the call and he's using a $13 target. shoep has been very much against investing in the deep-value hardware plays, and he's felt that forever. he's been all over the shift in mob
, go down the fiscal cliff for tax rates, and adjust the taxes for the 98% through the rebate process. and this could be available for anyone, any president. let the bush tax rates apply as a ceiling, and then apply the rebate process to control the 98%. host: why do you propose that? what is the advantage in your view? caller: because the executive branch, the president, whoever it is, would have the ability to adjust the tax effectively for anyone who falls below the clintons' ceiling, and they could do this anytime. there would not have to go back to congress. -- they would not have to go back to congress. guest: it is true that technically the administration can do some things without even the congress's approval, but it would not be a lasting solution. let's say you could freeze the amount of withholding that you pay three paycheck at the level it was this year, for the 98%, and increase withholdings for everyone else as the law would dictate if you read over the cliff. -- went over the cliff. but the 98%, if they did not actually pass a law to extend the tax cuts for that portio
that it goes down the fiscal cliff monday. every day is fiscal cliff tuesday, wednesday, thursday. you get the picture. anyway, you should pull the trigger here to buy it here if the fiscal cliff does what i'm afraid of. brown foreman reports wednesday. this is an interesting one. why? because goldman downgraded it to sell. just last night. i've seen this movie. they were wrong last time. they'll be wrong again. i'm going to bet them a bottle of jack daniels that will be the case. in fact i'll bet them a case of jack daniels that will be the case. if they're close, as we told you we like asina. and i would be willing to be a buyer of that niche retailer ahead of this quarter because of some merger gains i think we'll hear about. but again only on news of setbacks to the fiscal cliff talks. we're not going to go in and buy anything these days. you'll get some representative congressman, senator come on say you stupid idiot. you bought stock and i'm talking on a microphone. i'm sending the stock market down because there's no progress. we have not one but two huge analyst days next week. onl
'll talk about that. >>> plus, at the end of the day this fiscal cliff debate will come down to two men. the speaker of the house and the president of the united states dealing one-on-one. we will go behind closed doors and into the war room. you are watching msnbc, the place for politics. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ >>> we are watching a developing story in kansas city, missouri, right now. this is what police say appears to be a murder/suicide involving a 25-year-old nfl pla
do go over the fiscal cliff that will take the whole market down, so you put this on a shopping list that could give you a terrific entry point. i think the cycle is so darn strong, it can trump the ills of the fiscal cliff, at least once it's sorted out. ultimately the cliff will be sorted out. of the three housing-related ipos, you need to be careful with zillow and trulia, the only one i will endorse is real ogy, and only if it comes down. how about michael in california, please? michael. >> caller: boo-yah to you, jim. with a solid dividend that pays monthly at almost a 16% yield, the current valuation a dollar benine book value, isn't a.r.r. a great value? >> you know what? i have thought it was. this is another one of those real estate mortgages reits, that i have somewhat been mystified about the price performance. someone asked about this on the street, and i said i think it should be doing better. i agree, i think it's an okay buy. john in oregon, please. >> caller: boo-yah, jimmy, how are you? >> boo-yah back at you. >> caller: residential 4078 builders, i bought in about s
kicking exercise down the road would be better than the fiscal cliff? >> that's a tough one. the toothless can kicking exercise is hard. you've all helped make this a significantly watched issue. >> you want a pen? >> i'm happy to have a pen. >> you don't have yours on. >> i forgot. >> i've got mine prominently displayed. >> you forgot a couple days last week. >> we'll get you one. did we finally send them out? >> i saw some people got them. >>> when we come back, we'll have much more from our guest host today, greg fleming. but first, a new frontier of luxury. [ penélope ] i found the best cafe in the world. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is only made with fresh milk. and where the staff is exceptionally friendly. ♪ nespresso. what else? >>> welcome back. everybody. the dow futures are up about 40 points this morning. s&p 500 are up by more than four and a half points. boeing says that u.s. regulators have ordered the entire fleet of 787 jets to be inspected for a possible fu
't they know about the fiscal cliff? >> they look to be down 10%. >> we'll watch it. as people know in this market, many times the stock price has been going up. we'll keep an eye on this. it may be throwing people. what does it say about copper overall and the price of the metal. >> i worry, by the way, watch energy 21. this is exxi. another company that bought old properties. one of the things that's happening that's driving this, okay, is that there's new technology. american technology that's able to access oil that the big guys have given up on whether it be exxon given up on energy 21 has or bp and it turns out that these fines may have been bigger so pxp takes advantage of the fact there's new technology. pxp is a deal maker but ready to trade because capital gains taxes are going up. could be a fiscal cliff. the gulf is hotter than it's ever been even a few years ago it was ice cold. >> big story in the journal about exploration in this country. production 15-year high. brand new chapter here. look at the bottom of your screen. citigroup is cutting 11,000 jobs. we want to ge
down. >> are you worried about the fiscal cliff? how is business going? you're an entrepreneur in your own right. i want to talk to you about business, but how you preparing for the cliff? >> well, there's no way one can be preparing. you have to be think about uncertainty as you make your investment decision. in terms of fiscal policy, obviously there's a great goal between the republicans and the democrats. at least there's a bit of talk on the table now. hopefully that can start to narrow. we're certainly still living in uncertain times. we're cognizant of that as we inves invest. >> as a small business owner, how would you characterize business right now? your jewelry line, small business activities pmplg. >> i've had the good fortune of creating a fashion brand. i have jewelry, shoes, handbags, et cetera. i found a niche within the market hthat's looking for affordable price points. it's really been resonating very well. >> sounds like you're on style, actually. ivanka, good to have you on the program. we look forward to you ringing the bell and lighting the christmas tree out her
it while it's hot. >> john baker on your facebook page said it's not a fiscal cliff. it's more like a fiscal tumble down a freshly laundered hand towels. >> stephanie: let's do it. sound fun. let's go to lisa in illinois. >> caller: i think we should go over the cliff because we really have nothing to lose. and mcconnell is like a dinosaur. >> stephanie: more like a galapagos island turtle which is very old. >> caller: and saying victory lap. you know how exciting it would be? people would love to see the president come to town. they look so happy. nobody in their line look happy. everybody holding signs they're not smiling. they look like they're paid to be there. they really do. >> stephanie: well, many of them were, all right. >> and some of them are disappointed tea partyers like the person we talked to earlier. >> stephanie: john boner i i am mature. >> victory lap so popular. hate it. >> stephanie: here is the boner. >> sound byte: despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending. >> they're not serio
the fiscal cliff. consumer confidence has remind high. business confidence is down so the first thing we want to know, that's not the right chart, we want to do on whether or not people heard about the fiscal cliff. have you heard of it? comparing it to some of the other times people asked about news event, there's the trayvon martin shooting in the street, occupy wall street, 82%, facebook ipo 7 %, 70% of the republic has heard it compared to the fiscal crisis in greece, 63% had heard it. in that number 36% had read a lot about it or heard a lot about it. do they believe a solution is likely? our numbers different from other poles. americans are more optic. first of all see what they think, unlikely 73% back in november when we asked about the debt program would there be an agreement, 73% saying that, now 44%. the number you want to think is 4% to 44% thinks a solution is likely. who thinks it's likely, that's interesting and driving this number. he can break it down by party. look at what we find, republicans 52-42, independents, i come back here, there we go, independents 47-32 and it's re
one didn't come down and hit me over the head and knock me out. apple. if we're going off the fiscal cliff, we know capital gains tax rates are going higher, right? right? that's obvious. do you think the republicans have the power to keep those capital gains rates down? apple's become a referendum on the president's power. right now he has the upper hand, then he can really roll them and intends to do so. it's reasonable to take some profits so you can pay the tax man more now rather than later. it's a wimpy thing, it's logical, makes perfect economic sense. so the stock gets hammered. it makes sense to sell it. but let's be less emotional and even clinical about this one. first, divide apple's share price by ten, now you have a stock that got crushed down to $54. when you do that, it isn't all that scary, is it? where does the pessimism fit in? when we have to endure the pin the tail on the selloff game, what excuses for the selloff myriad alibis i hear from today's action. apple's losing share to google, it doesn't have the right phones in europe, nokia's making a comeback, the mi
the cliff in order for you to have a negative impact on the economy. even if you are coming down a fiscal slope with increase in some of the tax rates, for instance, expiring the payroll tax cuts to expire or minimize taxes to hit some people. high tax residents new york, california may find some of the deductibility of taxes is restricted. all of that is going to have a negative impact on consumption. we have seen the third quarter show that consumption increase is slower than expected. that's going to get accentuated as we go into the new year, which is why i think even if there is an agreement the impact is going to be quite negative. >> jim, you disagree. you call it a mole hill. what do you mean? >> i think it's sold as a cliff as if we're going to fall entirely off and have this massive fiscal tightening next year. what is more likely is a modest tax hike and spending cuts and most things extended and we live to fight for another day. i personally think we will have fiscal cliffs over and over the next several years. if you have a modest fiscal tightening next year, it's nothing new
this before, haven't we? what do average americans want to see in a fiscal cliff solution. we've got the exclusive results of our exclusive cnbc all-america economic survey. >>> now to everybody's all-american, sue herera standing by at the nyse. >> you're sweet, ty. thanks. >>> we're a little bit on the downside. we really kind of retraced a little bit on the dow jones industrial average. previous to this we were solidly in the green in all three of the major market indices. the dow now down 14 1/2 points. nasdaq up eight. the s&p is down just a fraction. of course we are also watching apple on the back of yesterday's drop. the stock today is traded up $4.82. that's just under a percentage move to the plus side. it's rebounding, still at bear market territory, however. it has lost over $50 billion in market cap over the past few days alone. our bob pisani joins me here on the floor of the nyse. what are you hearing from traders? the market is drifting a little bit. the focus is on apple. there seems to be a little bit of enthusiasm that it can come back to the up side. >> we were up
to northern virginia. he sat down with tiffany santana and her family to put a face on the fiscal cliff. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem, gives you a sense of the costs involved in very personal terms. >> reporter: tef any had used twitter to tell the president her family can't afford a tax increase. and the white house released this video. >> $2,000 for me would be paying a month's rent. >> reporter: back in washington, more gridlock. >> it's up to the republicans to decide how long it's going to take. >> the president actually isn't interested in a balanced agreement. >> reporter: with both sides stuck on tax hikes for the top 2%, economists wonder if lawmakers will reach a deal this year. >> i'm skeptical, but i do think it can be done next year. >> reporter: warning a congressional committee they would just have a month to negotiate in 2013 before the economy falls apart. >> by mid-february it will be doing a lot of damage. >> reporter: democrats called on lawmakers to continue an extension to jo
raising the debt ceiling. lou: the fiscal cliff and now a new ultimatum on the national debt ceiling. you suppose this is the last condition? >> it's going to be a wild couple of months, maybe everybody thought with the election over, there was going to be peace and figure all of this out, but i think we're just at the beginning of a long protractive battle, lou. lou: more on the stalemate of the fiscal cliff, the impasse, and tell us what you think about the so-called negotiations. vote in tonight's online poll. do you agree president obama's ultimatum on higher taxes are actually the cause? make him responsible for driving us off the fiscal cliff? go to our to be page at facebook facebook.com/loudobbs. we'll have results at the end. chris and steven joining us here next to address that question and more. ♪ ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now through december 31st. [ santa ] ho, ho, ho! [ malennouncer ] lease a 2013 e350 f $579 a month at your local mercedes-benz dealer. lou: hous
about the fiscal cliff not working, it's a mess, it's never going to happen and then you wake up and you're down 15 points monday morning. that's a problem figuring out what to do over the weekend. it could go the other way. generally it's a little bit more on the gloomy side. then you have the problem with december. we're going into the last month. today is the last day of november. people are behind the curve. a shocking number of people i spoke to are below whatever their benchmark is. do you lighten up? do you stay long what you got? it's hard to maneuver around because you need to get outperformance. you need to get alpha in the month of december and a lot of guys that's in short supply right now. there's tough decisions that have to be made in the next couple of days. meantime, we saw futures weaken as we got some of the personal spending and personal income data and personal spending weaker than expected. even accounting for sandy, consumers looking iffy. that's impacting thinking as well. did you see what happened in japan overnight? everybody in japan has become a stimulus guru.
to the looming fiscal cliff, folks, one top republican says his party does not need to put a plan on the table. is that right? oklahoma congressman tom colatosti with his take on this next. >> this is unsustainable. we have 10,000 baby boomers like me retiring every day. 70,000 this week. 3.5 million retirees this year alone signing up for social security and medicare. people living longer, accessing medicaid. it is not like there is any money in the social security trust fund or medicare trust fund. it has all been spent. i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it helps pick up some of what medicare doesn't pay. and could
was one of those days, show a lot of americans don't even know about the fiscal cliff. paychecks are going to go down, a million layoffs in the defense industry. no one seems to care right now. it's bad. >> you know what we have going for us? the grid, december 17 announced -- on a seasonal basis, they have reiterated once again that it doesn't have the demand to be sold year round, but starting a week from monday. >> i don't buy that. i think they do it because whenever they have mcrib, they're just fighting traffic for mcrib. there are places in the world where the mcrib is on the menu all the time. in case you're there on your vacation. >> i'm learning here all the time. i'm always learning. >> switch from the bacon cheese-inator. [ bell rings ] . >> celebrating the ground breaking of hotels in new york. we'll be speaking to the ceo in this hour. >> whitehorse is an interesting story. >> white house, delayed over at the nasdaq, the new york stock exchange puts out a release reiterating 16 companies have announced or moved to the big board so for this year. you're starting to wonder who
now despite those fiscal cliff anxieties. they've been pretty steady throughout the day. the s&p 500 broke above its 50-day moving average, believe it or not. earlier in the day it's backed off a little bit. economic news and new data shows u.s. manufacturing falling to its lowest level in three years. and there is a little nervousness about the president taking to twitter at 2:00 p.m. eastern time to talk about the fiscal cliff negotiations that are going on. but it is the first trading day of the month and some on wall street are getting bullish for year end. it is going to be a december to remember, i predict it. >> i think this is one of the reasons we're holding up so well, because december is the best month of the year and we roll into january which is also a very good month. let me show you some sectors that do especially well in the month of december. there's major sectors here. this is the best performing sectors in the month of december, averaged over the last ten years. you can see it is a diverse group -- health care, telecom, utilities. a lots of people play dividend at
of the euro. other people feel that everything goes down in a fiscal cliff situation. i mean, commodities are saying we're going to go over the cliff. that's what i think. >> it's interesting. there are these recent reports tallying how many american eagle gold coins americans are buying. is that the ultimate safe haven trade. if americans are buying gold coins in record numbers, the strongest sales since 1998, and it's not just seasonality here. it's interesting. >> i own some. i own silver. >> silver and gold. >> you can buy silver and gold. you can actually -- there's a big markup in coins. the government doesn't help. you can own pieces of silver and pieces of gold. >> do you have some on you right now? >> no, i don't. i have it buried in the backyard. i have it in a vault. never bury your gold in the backyard. >> i'll remember that. thank you for that advice. >> first we have to get backyard. >> el paso electric company celebrating tenth anniversary. yit celebrating its 100th anniversary. want to go straight to mary thompson with breaking news out of fdic. >> this is the fdic's third
to get on tv and tell us we don't know what we're doing and going over the fiscal cliff and he's real upset and angry and stuff and then the stocks won't go down 10% because of that senator or congressman or that treasury guy and then you get a chance to buy high-quality companies kept down for washington. let's wait for the next gas bag to grab the mike and we'll get them cheaper. in washington, will you please get out of our way? we've got a genuine boom brewing if only washington would rise above and set it free. "mad money" will be right back. >>> coming up -- fueling the future? there's new data out about the positive impact of natural gas on the u.s. economy and employment. could exporting this domestic power be our ticket to a bright future? and how could you hop aboard the trend? tonight, cramer drills down on the issue with dominion resources ceo. >>> and later, agita over apple. while the most coveted gifts, weigh on investors. should you step in now? or is the worst still to come? don't miss cramer's take. >>> plus -- welcome home? you've seen the headlines. the housing mar
been so much hysteria over this fiscal cliff that i'm not sure it's warranted. >> that's exactly right. and also the ryan budget you know, their doctrine -- and it really is doctrining. lower taxes for the wealthy, and that will trickle down. untrue. number 2 increase spending in the pentagon way beyond what the pentagon wants and that will make us three. and that cut back on things like education and scientific research and somehow we'll have a stronger future. none of those things make any sense. at the core of the ryan approach, and he is representative of the dominant republican point of view now, is that you are on your own. it is an ayn rand kind of deal. if you are well off and can afford private school and you can give in a gated community, that's the way it ought to be and all of us ought to strive for that, but the fact is when this country has done well, we have had policies that have given the middle class an opportunity to succeed, and it takes a public/private partnership. >> stephanie: yep. representative, how do you see this playing out and h
for an older, wiser, business leader. but first -- >>> still to come with the fiscal cliff getting closer -- >> if i were involved in a negotiation like this and everybody was purporting to be where they are, i would say that an agreement was reachable. >> we will help you rise above the rhetoric. former federal reserve vice chair alice rivlin, all that and much more on "squawk on the street." wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. serves as director of the national budget. recently served as a mechanical of the simpson bowles commission. you look lovely as always. i'm told you're wearing a rather important pin. >> yes, i have on the pin. i'm in favor of rising above all this part san ship and getting deal done. >> you think that's possible, but you're not sure what that can happen by
. >>> talks between the white house and republicans over the fiscal cliff are grinding to a hold. house speaker john boehner dealing with division in the gop's ranks to his budget plan. we've got a shanghai surprise. china's mainland markets up over nearly 3% after beijing's new leaders called for economic stability and new business growth. and it looks like more austerity for britain. george osborne getting ready to release his autumn statement. >>> nokia shares a little bit high today. they are teaming up with china mobile, giving access to the world's biggest mobile phone markets. >>> if you just got up, very warm welcome to the start of your global trading day. stocks are on the front foot this morning. this is where we stand with u.s. futures. currently called up around about 30 points higher. the dow down, what, 13 points? the nasdaq called up just under 40 points. the s&p 500 at the moment is called up just over three points. it was down two points yesterday. european stocks doing a little built better. they were as flat as a pancake, as i've been saying. as flat as my pancakes.
's not a leader, he couldn't put together the coalition that would avoid going over the fiscal cliff. so that's certainly something that the republicans have as leverage on the president right now. having said that though, remember, back in the '90s when the government shut down eyeball to eyeball negotiations were going on between bill clinton and then speaker newt gingrich and the government did shut down. the president emerged on both occasions, two shutdowns, in a stronger political position because the american public blamed the conservatives, the republicans in congress more than they blamed the white house. so that is the one area where the white house is saying, look, they have some leverage on that. >> let me ask you this, wolf. you have been at this game a long time. this intractability sounds and feel it's like nothing we have ever seen before. do you have any sort of, i don't know, light on the horizon that you see? are we going to be this polarized and literally make the country pay for what's now become just sheer ugly politics? >> my own gut tells me that between now and the en
, not a grand bargain, but enough to get past the fiscal cliff for six months or maybe even a year to try to get the bigger package. >> so if halperin thinks biden's going to be the definer here, i'm a little concerned because anyone who goes to costco does not care about spending money. >> it's a fascinating question. eugene robinson, i must ask you -- we love joe. joe's amazing. >> he's perfect. >> does tom cole this morning feel a bit like uriah being sent out front only to be slaughtered? yes, let's be generous, let's talk about raising taxes, though i'm one of the most conservative conservatives. let's be responsible like the media's told us to be responsible. and then the president comes out with his offer, and everybody's just staring at him. he's going to be primaried. >> well, he could be primaried. i think that's the risk he ran. i think tom cole, what he said was smart, actually, and would be smart for the republicans to take. >> yeah, if you live in georgetown. >> to take a deal with 98%. look, what the president has done is put out a sort of maximalist opening position, and the way
down -- moving down since the middle of the year. the responsibilities on the fiscal cliff -- if the program put in place is more taxes and big spending cuts, which will push us toward a recession, forgive it. and that's what we're getting. more taxes and big spending cuts. so the idea here is this sort of overall concern that the fiscal cliff issue, even if it's resolved, means more austerity. and that's a problem overall for the markets here. take a look, though. we've held up reasonably well in the ism manufacturing. this goes back for the last several years. the big concern here is the trend basically has been down. we've been sideways for a couple months. and now four out of six months showing contraction. in terms of the market, we're still continuing to hold up pretty well. you notice we don't get any real panic here. that's because of the seasonal time of the year, partly. december to january. very big, strong two-month combination. a lot of people try to get in december, ahead of -- beginning of the month buying in january. the news has been manageable in europe. y
got props. the clinton era rates which america will return to in january unless the fiscal cliff is resolved. it brought more revenues than at any point in the 1980s. thank you. [ applause ] >> grover! >> stephanie: norquist and maria commented this is a different environment than the 1990s. grover said we got four years of bad regulation, higher taxes. he wants to add more taxes to the tea party too. it will starve tea party i if obama pushes us over the cliff. [ screaming ] >> can't just wait for tea party three. >> probably about 150 billion. >> stephanie: that would be bad. okay. oh, let's see. phillip in durham disagrees with everything i say. about everything? >> ever! >> stephanie: hi, phillip. >> caller: hi, stephanie. look. appreciate the show. i think you have not been fair to the facts and let me just ask you from the -- what we're talking about -- >> stephanie: the facts are oversensitive in my opinion. >> caller: that's why you're better as a comedian than a political pundit. >> stephanie:
administration. this one step would blunt the impact of the fiscal cliff for the vast majority of americans and give them the certainty they so badly need. it would also be a serious down payment on meaningful deficit reduction and ensure that our budget more closely reflects our values. , our fundamental belief in the american dream that if you work hard, you can still get ahead. leading republicans in the house and the senate, including senator snowe and congressman cole, have urged the house to move forward and pass this bill to provide badly needed security and certainty to middle-class families before the end of this year. i join their call. but let's not stop there. let's keep going and find additional areas of compromise and constructive common ground. to provide the business community with the certainty they need to plan, the deployment of investment capital so they can get americans back to work, to provide the market with certainty to sustain this recovery while continuing to invest in our future, and for families who need to know their budget future and who need to be able to hav
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